Fraud alert on tablet device Source: Shutterstock

The slew of new online users that emerged as a result of the pandemic’s stay-at-home orders created new opportunities for fraudsters to take advantage of unsuspecting consumers, especially those under 25 and over 75, according to LexisNexis Risk Solutions. The firm’s latest biannual Cybercrime Report, which covered July 2020 through December 2020, revealed people under 25 were the most susceptible to fraud attacks, while the over-75 group – the second-most susceptible – lost the most money to fraud.

The high level of vulnerability among the youngest consumers can be attributed to the fact that many of them are new to digital services, according to the report; the under-25 age group accounted for a 10% growth in new online customers over a four-month period. In addition, LexisNexis said, younger generations are known to be more relaxed about sharing information online, which can make them more vulnerable to data breaches and identity theft.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?

Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.